Vocational education Universal Technical Institute (NYSE:UTI) will be reporting results tomorrow after market hours. Here’s what to expect.

Universal Technical Institute beat analysts’ revenue expectations by 2.7% last quarter, reporting revenues of $177.5 million, up 15.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts’ EPS and adjusted operating income estimates. It reported 5,567 new students, up 5% year on year.

Is Universal Technical Institute a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Universal Technical Institute’s revenue to grow 12.3% year on year to $191.2 million, slowing from the 53.9% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Technical Institute has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 2.9% on average.

Looking at Universal Technical Institute’s peers in the education services segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Strategic Education delivered year-on-year revenue growth of 7%, beating analysts’ expectations by 1.5%, and Adtalem reported revenues up 13.2%, topping estimates by 5%. Strategic Education traded up 3.7% following the results while Adtalem was also up 9.5%.

Read our full analysis of Strategic Education’s results here and Adtalem’s results here.

There has been positive sentiment among investors in the education services segment, with share prices up 3.8% on average over the last month. Universal Technical Institute is up 23.5% during the same time and is heading into earnings with an average analyst price target of $21.67 (compared to the current share price of $19.68).

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